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RE: T2 Trainspotting

in #art7 years ago

Seems you have been favoured with a 'whale vote' again, as have I. Steem has dropped along with other cryptocurrencies today, but it's still enough to buy some beers. At some point I will probably take some out to treat myself.

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I understand a 'whale vote' is worth a lot but I don't quite understand how/why they are doled out.

The whales have millions of Steem Power and I understand that voting is based on the square of that. When you get above a certain level you can give a percentage of a vote. A full vote from the top whales could be worth $100s.

Why they vote on a given post is a mystery, although they do seem to have some favourites who are often top of the trending page. Not much we can do about that. I hope that if this thing takes off then Steem will get more evenly distributed. They say they plan to power down the main Steemit owned accounts, so that will free up Steem that people could buy if they want.

Steem price is down a bit this week, but then most cryptocurrencies have dropped as Bitcoin his problems in China.